Vietnam Airlines Group targets USD4.8bn revenue and 25m pax in 2020

    Vietnam Airlines Group reported (30-Dec-2019) preliminary profit of VND3.37 trillion (USD146.2 million) in 2019, marking a new record for the airline. Revenue increased by VND2.2 trillion (USD95.4 million) to VND101.2 trillion (USD4.4 billion). Vietnam Airlines reported revenue of VND75 trillion (USD3.2 billion) and profit before tax of VND2.7 trillion (USD116.6 million), an increase of 12% year-on-year. The carrier handled 23 million passengers and 346,000 tonnes of cargo in 2019, operating 134,000 flights. Looking ahead, the carrier is targeting revenue of VND110.6 trillion (USD4.8 billion) and to handle 25 million passengers in 2020.